Bank ran out of fake money, so another bank has to use fake money to buy it, because the creators of the fake money are telling them to. Did I get that right?
Discussion
It’s fake money all the way down 🤣
🤡🌎
All currency is fake. Even BTC.
Currency is simply a consensual delusion that it makes life easier. It's a first order derivative of actual assets. The silliness happens when that derivative is manipulated on it's own account.
BTC is the best fake currency, but if you want solid, follow the advice of mark Twain and "buy land, they don't make it anymore". Piles of gold or other actual stuff can be used instead.
I say currency not money because money is very poorly defined.
Ha. When I was small, my brother and I would play Monopoly with my Italian grandma who didn't speak English very well.
My younger bro was the banker and my grandma kept trying to protest that she didn't think we were playing properly. Lol... my brother kept giving out money arbitrarily and would pay properly when he owed other people.
Eventually my grandma got my mom to come over and sort out our shenanigans and cheating.
Other than being a good memory, it's essentially not far off of how the actual fractional reserve system works. I think about this often.